"We are still engaged (in refinancing talks). Nothing has changed," he said at a Reuters conference. "We're still optimistic we're going to get that piece done." And: "You should assume the company is not for sale."

Faber: The stock price is very low.Karmazin: It sucks.Faber: It's a very low price. Forget market cap. Are you going to do a reverse split? It's embarrassing to look at something that has a one in front of it.Karmazin: Well, it's embarrassing, and I hope that we're not going to have to look at something with a one in front of it for a long time. [He didn't. The "one" soon disappeared forever]